The term “emerging market” is primarily associated with flourishing businesses and hence market activities in developing economies that are experiencing rapid transition of growth pattern from primary or agricultural activities to secondary or industrial activities.

To deal with the issue of India's Emerging Markets,we at first shall segregate the Indian Markets into two categories:

The commodity market precisely deals with markets that deal in exchange of all kinds of goods for money.

The bond market on the other hand deals with all monetary exchanges between individuals and various companies in both public and private sector. Its an intangible market where individuals are entitled to buy all intangible assets like shares,dividends,mutual funds etc. and hence become owners of capital and sometimes indulge in affairs of the company.

We shall now take a closer look at the glowing prospects of both the above markets.

The success stories of the commodity market of India in recent years has mainly centered around the growth generated by the Retail Sector. Almost every commodity under the sun both agricultural and industrial are now being provided at well distributed retail outlets throughout the country. Moreover, the retail outlets belong to both the organized as well as the unorganized sector. The unorganized retail outlets of the yesteryears consist of small shop owners who are price takers where consumers face a highly competitive price structure. The organized sector on the other hand are owned by various business houses like Pantaloons, Reliance, Tata and others. Such markets are usually sell a wide range of articles both agricultural and manufactured, edible and inedible, perishable and durable. Modern marketing strategies and other techniques of sales promotion enable such markets to draw customers from every section of the society. However the growth of such markets has still centered around the urban areas primarily due to infrastructural limitations.

Coming to the bond market, the Indian economy has experienced a significant rise is the level of investments from the very outset of liberalization that happened in the nineties following structural reforms. In the period prior to that, a common Indian lacked the inducement to invest the reason for which can be attributed to the failure and weak functioning of a number of public sector undertakings (PSUs). But the Economic Reforms of 1991 formulated by the then finance minister Dr. Manmohan Singh, changed the scenario completely as far as capital formation was concerned. The two most significant changes incorporated in the reforms and their formidable impacts on the financial sector were:

• The closure of a number of sick PSUs helped their shareholders to re-invest in other enterprises.
• The relaxation of rules in the Industrial Licensing Policy (ILP) Act encouraged a number of private sector enterprises to commence their operations which immediately attracted attention of the investors.

In this way the growth of the financial market in India was propelled and it received a breath of fresh air when Dr. Manmohan Singh became the Prime Minister in the year in 2004.

Under his able leadership, the Indian economy experienced a steady rate of growth of capital formation. The sensex at the stock market has soared to a new high at over 12,000 points. Such a performance at the stock market is being driven by the recognition that corporate governance and transparency standards in India are superior to most other emerging market economies of present times. To complement it, the initiatives taken in recent years to enhance capital market integrity by tightening regulations and oversights as well as promoting disclosures and reducing operational risk are also paying rich dividends.

While the government appears committed towards increasing infrastructural investments it continues to face many challenges from politically contentious areas. Such problems need to be dealt with a certain amount of diligence in order to attract more and more investments.

Thus the Emerging Market India has nowhere to go but forward in the years to come.